Relative Strength Bull Flag Forms in Coffee Shop Name
Dutch Brothers (BROS) shares of the coffee franchise continue showing relative strength as an earnings drift play from its recent strong report and closed green on Thursday in a sluggish tape. BROS has formed a tight bull flag on top of its monthly value area and while the markets remain on thin ice, if stocks get a sharp rebound day at some point into year end, BROS should push to highs above 55. BROS still has 1900 Jan $55 calls in open interest from 11/7 buyers.